Short-term forecast for BTCUSD, XRPUSD and ETHUSD 24.11.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The BTCUSD market could soon finish the bearish impulse and start rising in the upward correction.

The article covers the following subjects:

Elliott wave Bitcoin analysis

After the large impulse wave (A) finished, there has started the initial part of the new bearish simple zigzag (A)-(B)-(C), which is an element of the bearish corrective wave. The most recent chart section displays the down wave (A), which should soon finish. The (A) wave is unfolding as a five-wave impulse 1-2-3-4-5. The final wave 5 is currently developing as an ending diagonal [1]-[2]-[3]-[4]-[5]. The price should continue declining in sub-wave [5] to a level of 54690.00.

Trading plan for BTCUSD today:

Sell 56781.50, TP 54690.00

Elliott wave Ripple analysis

The XRPUSD market continues forming the large linking wave (X) as a contracting triangle A-B-C-D-E. The D wave seems to have completed as a double zigzag [W]-[X]-[Y]. The final wave E has started unfolding. Therefore, the market should be rising in wave E to a level above the previous high of 1.100, marked by correction (B).

Trading plan for XRPUSD today:

Buy 1.045, TP 1.100

Elliott wave Ethereum analysis

The ETHUSD market is forming the new descending double zigzag (W)-(X)-(Y). The down motive wave (W) has recently completed as a simple zigzag A-B-C. The linking wave (X) is currently unfolding as a simple zigzag A-B-C. The bearish correction B seems to have completed, so the price should be rising in the bullish impulse C to a level of 4650.00, where wave (X) will be 76.4% of wave (W).

Trading plan for ETHUSD today:

Buy 4283.95, TP 4650.00

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Price chart of BTCUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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